Posts Tagged ‘Cedar Grove Farms PA Homes’

Cedar Grove Farms Real Estate Update

June 29, 2011

Cedar Grove Farms home prices have eased a bit but activity remains steady.

Cedar Grove Farms PASince the Cedar Grove Farms Market update last August, prices have eased while activity has remained steady. As we saw, in 2010 through August, there were 2 home sales with an average sales price of $631,000. There were no additional sales in 2010. In 2011 year to date, there have been three sales with an average sales price of $584,000. All three homes were 4 bedroom properties with final sale prices of $565,000, $589,850, and $600,000. Only one property had a seller’s concession and it was only for $350.

Cedar Grove Farms Homes PAIn addition, there are currently 5 homes on the market ranging in price from $549,900 to $629,000. There are four 4 bedroom properties and one 5 bedroom with listed square footage ranging from 3032 sqft to 4364 sqft. The 5 bedroom home has a 3 car garage while the balance have 2 car garages.

Home prices and sales activity continue to hold up better here than in many local areas. With it’s ideal combination of location, amenities, and pricing, Cedar Grove Farms should continue to be a great choice.

David Henke
Long & Foster Real Estate, Inc
Devon PA/Wilmington DE
Direct:610-618-0808 – Office:610-225-7400 

(All statistics per the TrendMLS System and believed accurate but not guaranteed)

Cedar Grove Farms PA Market Update

August 22, 2010

Cedar Grove Farms is a private smaller community of single family homes located just off Cedar Grove Rd in Marple Township Broomall PA.

Cedar Grove Farms Broomall PACedar Grove Farms is located just south of Cedar Grove Rd in Marple Township/ Broomall PA.  The development is about midway between Sproul Rd/ Route 320 and Newtown Street Rd/ Route 252.  This provides the residents immediate access to Media, Newtown Square, and Broomall and very easy commuting options along Route 1,  Route 3/ the West Chester Pike, and The Blue Route/ I-476.

Cedar Grove Farm is a newer community with the majority of homes completed between 1990 and 1994.  The development includes over 125 homes averaging 3500-4000 sqft but with sizes ranging over 5,000 sqft.  Most properties include 4-6 bedrooms with 2.5+ baths, full basements, and 2 or 3 car garages.  The lots are generally less than half an acre.

Cedar Grove Farms Home PA

This is a very stable area with a relatively slow turnover of properties, and it has not seen the steep rise and fall in prices experienced by some nearby home developments.   Activity peaked in 2003/2004 when there were five sales each year and prices rose from an average sales price of $568,000 to $660,000.  Since then prices have largely remained in the low $600,000 range.  There were 3 sales averaging $628,000 in 2005, 4 sales averaging $666,000 in 2006, 1 sale for $740,000 in 2007, 1 sale for $510,000 in 2008, 1 sale for $675,000 in 2009 and 2 sales year-to-date 2010 averaging  $631,000.  Today there are 5 home on the market with an average list asking price of $632,000.  No homes are currently under contract.

With it’s great location, stable neighbors, and reasonable pricing, Cedar Grove Farms should remain a popular mid-price choice in Broomall for years to come.  Activity should begin to pick up as real estate activity in general begins to turn around creating additional move up/down buyers in the region. 

David Henke
Long & Foster Real Estate Inc – Newtown Square,PA/Bear, DE
Office: 610-359-3853/Cell: 610-618-0808

(All statistics per the TrendMLS System and believed accurate but not guaranteed)